QIB posts 10% year-on-year jump in Q1 net profit to QR685.2mn

QIB posts 10% year-on-year jump in Q1 net profit to QR685.2mn:

Qatar Islamic Bank (QIB) has reported a 10% year-on-year jump in net profit to QR685.2mn in the first three months of this year.

Total assets expanded more than 2% to QR155.3bn, mainly driven by continued growth in the financing and investing activities.

Financing reached QR106.3bn, having grown about 2% year-on-year. Customer deposits now stand at QR107.8bn, registering a yearly strong growth of more than 5%.